Global Biodegradable Plastics Market 2012-2016

TechNavio's analysts forecast the Global Biodegradable Plastics market to grow at a CAGR of 19.60 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for more eco-friendly packaging materials. The growth of the packaging industry is influenced by the need for non-toxic biodegradable plastics, which in turn has resulted in the increased demand for biodegradable plastics. The Global Biodegradable Plastics market has also been witnessing the increased investment in new plants and research facilities for developing new biodegradable plastics in a cost effective manner. However, the high production costs associated with biodegradable plastics, which in turn results in the rise of finished product prices could pose a challenge to the growth of this market.

TechNavio's report, the Global Biodegradable Plastics Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, EMEA, and the Americas; it also covers the Global Biodegradable Plastics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.